TCL throws the glass line again, and the continent
2020-12-07 14:41:57
TCL Group announced last night that the company plans to invest in the construction of TCL Group's integrated intelligent manufacturing industry base of module and whole machine and the sub project of Huaxing photoelectric high generation module in Huizhou, with a total investment of about 9.6 billion yuan.
The announcement shows that the total investment of the project is about 9.6 billion yuan, including 7.845 billion yuan from Huizhou Huaxing and 1.755 billion yuan from TCL Industrial Park, both of which are TCL holding subsidiaries. The first phase of the project is expected to be completed in 2019, reaching an annual production capacity of 40 million LCD panels of various sizes; Phase II construction will be completed in 2021 to achieve an annual production capacity of 60 million LCD panels of various sizes
Huizhou Huaxing is a wholly-owned subsidiary of Huaxing optoelectronics, and TCL Industrial Park is a wholly-owned subsidiary of TCL group. TCL Group will directly hold 85.71% equity of Huaxing optoelectronics after purchasing 10.4% equity of Huaxing optoelectronics recently. At present, Huaxing optoelectronics has two generation 8.5 lines and one generation 6 line in mass production, and the 11th generation line and the second generation 6 line are under construction. Two generation 8.5 lines and one generation 11 line are in Shenzhen, mainly producing TV panels. Two 6th generation lines are in Wuhan, mainly producing small-size panels such as mobile phones. In terms of comprehensive screen, the production and R & D of Wuhan Huaxing comprehensive screen products is in progress, and mass production is realized in the fourth quarter.
As the best quality asset of TCL, Huaxing photoelectric is ranked fifth in the global TV panel market, ranking second in Chinese mainland LCD panel manufacturers. Last year, Huaxing optoelectronics contributed about half of TCL's profits: revenue of 22.3 billion yuan and net profit of 2.31 billion yuan.
TCL group said that this move is mainly to further expand the advantages of vertical integration of TCL semiconductor display, optimize supply chain and manufacturing capacity, strengthen regional industrial layout, drive the coordinated development of upstream and downstream industries, and enhance the overall competitiveness of TCL group.
